Amazon acquires Twitch for $970 million

Cash streaming

Date Type Companies involved Size
August 25th, 2014 acquisition Amazon
Twitch Interactive
Amazon acquires Twitch for $970 million

Twitch has announced that, roughly 3 years after launch, it has been acquired by internet retail behemoth Amazon for approximately $970 million. 

Twitch CEO, Emmett Shear, has explained that the Twitch team chose to greenlight the Amazon deal because of the firm's belief in Twitch's values, long-term vision, and community.

According to Shear, Twitch's day-to-day operations won't be affected, with the company keeping the same office, employees, and, most importantly, its independence.

Perfect partners

Shear has issued a personal thanks to Twitch's devoted community, who he believes have been integral in making the Amazon deal a reality.

“I personally want to thank you, each and every member of the Twitch community, for what you’ve created,” said Shear, via Twitch's official blog.

“Thank you for putting your faith in us. Thank you for sticking with us through growing pains and stumbles. Thank you for bringing your very best to us and sharing it with the world. Thank you, from a group of gamers who never dreamed they’d get to help shape the face of the industry that we love so much.

“Together with you, we’ve found new ways of connecting developers and publishers with their fans. We’ve created a whole new kind of career that lets people make a living sharing their love of games.

“We’ve brought billions of hours of entertainment, laughter, joy and the occasional ragequit. I think we can all call that a pretty good start.

“It’s dangerous to go alone. On behalf of myself and everyone else at Twitch, thank you for coming with us.”

[source: Twitch]

What do you call someone who has an unhealthy obsession with video games and Sean Bean? That'd be a 'Chris Kerr'. Chris is one of those deluded souls who actually believes that one day Sean Bean will survive a movie. Poor guy.